Options trading on expiry day like playing in casino for jackpot: Sebi official
Raising the red flag over the heightened retail frenzy in the zero-sum game of options trading, markets regulator Sebi’s whole-time member Ananth Narayan on Friday pointed out how some traders are treating expiry day trading as playing in a casino for a jackpot.
File IPO papers with fill-in-the-blanks template, AI will process: Sebi chief
SEBI, under Madhabi Puri Buch, is using AI to streamline IPO applications, aiming for faster approvals through template-based forms. Buch reassured industry leaders that SEBI focuses on compliance, not minor details like application language. Recently, SEBI returned IPO filings from several companies, emphasizing India’s global leadership in IPO numbers.
Britannia Q1 Results: Cons PAT jumps 10.5% YoY to Rs 506 crore, misses estimates
Britannia on Friday reported a 10.5% YoY rise in its June quarter consolidated profit to Rs 506 crore while revenue rose 4% YoY to Rs 4,130 crore.
Delhivery Q1 Results: Company swings to black, posts Rs 54 crore profit, revenue jumps 12% YoY
Delhivery Q1 Results Q1FY25: Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the same quarter of the previous year. | Quarterly Reports Latest News
Tech View: Sell-on-rise mode switched on till 24,800. Here’s how to trade Nifty next week
Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level.
Foreign investors need to look at India’s growth because that is translating into earnings: Alessia Berardi, Amundi Investment
Alessia Berardi, Head of Emerging Macro and Strategy, from Amundi Investment Institute, noted the increased interest in India’s market. She highlighted that despite the high valuations, investors are drawn due to India’s growth potential and regulatory improvements. Key investment themes include consumption, manufacturing, and digital innovation. Risks involve potential equity oversupply and market fluctuations.
Hindustan Zinc Q1 Results: Cons PAT jumps 19% YoY to Rs 2,345 crore, revenue rises 11%
Hindustan Zinc Q1 Results: The company’s revenue from operations for the period reached Rs 7,893 crore, marking an 11% increase from Rs 7,111 crore in the same period last year. The EBITDA for the June quarter rose by 18% year-on-year to Rs 3,946 crore, compared to Rs 3,347 crore a year ago. Margins improved by […]
Welspun Enterprises in right place & right time; confident of continuing to give targeted returns: Sandeep Garg
Welspun Enterprises forecast strong EBITDA growth and continued project execution in FY25, despite monsoon challenges. The company emphasized a selective approach to project bidding and benefits from government infrastructure policies. With an order book of Rs 13,000 crore, they foresee new projects worth Rs 5,000 crore in the coming periods, contributing to their revenue growth.
Vedanta, IOC & 8 smallcap companies give highest dividend yield in FY24. Check details
Mining major Vedanta, Indian Oil Corporation (IOC) and eight smallcap stocks are among 50 stocks that have reported highest dividend yield in FY24 according to a report by SBI Securities. The brokerage has computed dividend yields based on the closing price of July 31, 2024. Companies that have consistently paid dividends in the last 3 […]
Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz
Adani Wilmar’s shares rose 6.4% after Adani Enterprises announced the demerger of its food FMCG business. The company posted a consolidated net profit of Rs 313.2 crore for Q1 2024, contrasting a loss the previous year. Revenue increased by 9.6% year-on-year, with notable growth in the Edible Oils and Food & FMCG segments.